“At the end of the third quarter, 147 oil wells were producing, while 47 were used for water and eight for gas injection.
In the first three quarters, ACG completed 11 oil producer, two water injector and one cuttings re-injection wells.
During the three quarters, ACG delivered an average of around 6.5 million cubic metres per day of ACG associated gas to the state of Azerbaijan (1.8 billion cubic metres in total), primarily at the Sangachal terminal but also to SOCAR’s Oil Rocks facility. The remainder of the associated gas produced was re-injected for reservoir pressure maintenance.
On 20 September 2024, SOCAR together with bp and other ACG co-venturers announced the signing of an addendum to the existing ACG production sharing agreement (PSA) to progress the exploration, appraisal, development of and production from the NAG reservoirs of the ACG field. The NAG resources of ACG are believed to be significant, with up to 4 trillion cubic feet (tcf) in place.
In accordance with the addendum, SOCAR and ACG co-venturers are now planning the next steps for the development of NAG reservoirs. As part of this, an initial well is being drilled to produce gas from two priority reservoirs. The well is important as it will also deliver appraisal through production which is expected to underpin future development plans.
The well is drilled from the existing West Chirag platform with the first gas production expected in 2025,” the company added.
AzVision.az
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